Monero forecast and Analytics XMR/USD on 22 Oct 2018

Cryptocurrency Monero XMR/USD traded at 108.34. Cryptocurrency trading below the lower border of the Ichimoku Kinko Hyo Cloud, indicating a downward trend for Monero. Under the forecast of the course of bitcoin on October 22, 2018, is expected to test region signal lines Ichimoku Kinko Hyo close to the 110.00 level where we can expect rebound and attempted another cryptocurrency with the target at level of 100.00.

Additional signal in favor of the fall of the cryptocurrency will perform the test of resistance, and also test the upper boundary of the descending channel. Earlier it was obtained a weak signal for selling cryptocurrency Monero, due to the intersection of the signal lines at the level of 110.00.

The cancellation option drop in prices of Monero will be a break of the upper border of the Ichimoku Kinko Hyo Cloud with the closing of the quotations above the level of 113.00. This will point to a change in the downward trend in favor of the upward trend and the continued growth of the cryptocurrency. To expect accelerating declines XMR/USD stands with support and closing below the level of 104.50.

Thus, Monero forecast and Analytics XMR/USD on 22 October 2018 involves the attempt to develop correction cryptocurrency and test of resistance near 110.00, where it is necessary to expect further rate fall Monero with a potential target near the level of 100.00, the cancellation of risk will deliver strong growth and the breakdown region 113.00, which indicates continued growth.